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Certificate Programs

Advocacy

When we see legislative developments affecting the accounting profession, we speak up with a collective voice and advocate on your behalf. Our advocacy partners are state CPA societies and other professional organizations, as we inform and educate federal, state and local policymakers regarding key issues.

The purpose of this GAQC Alert is to provide registration information for the next Governmental Audit Quality Center (GAQC) Web event titled, GASB's Fair Value Standard: Accounting and Auditing Considerations, which will be held on Thursday, October 27, 2016, from 1:00 PM - 3:00 PM (Eastern Time). This event is intended to provide members with an understanding of the requirements of Governmental Accounting Standards Board (GASB) Statement No. 72, Fair Value Measurement and Application, as well as areas that auditors should be focusing on as it relates to this standard. GASB Statement No. 72 became effective for financial statements for periods beginning after June 15, 2015.

GAQC members can register using the Continuing Professional Education (CPE) Option (with a fee) or the No-CPE Option (with no fee). Group registration is also available. If you encounter any problems with the registration process, contact the AICPA Service Center at 888-777-7077.

Audits of June 30, 2016, year-ends are currently underway and auditors are having to address GASB Statement No. 72 and related fair value considerations for the first time. Participate in this session to hear from two practitioners regarding their client experiences to date and where they have been focusing their audit procedures relating to investments. Other topics to be covered include:

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Definition of Fair Value;

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Applicability of Fair Value Accounting;

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Valuation Techniques and the Fair Value Hierarchy;

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Disclosure Requirements; and

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Auditor Testing Approaches and Relevant Auditing Guidance.

About the Presenters

Joel Black, CPA, is a Partner in the Atlanta office of Mauldin & Jenkins LLC and specializes in serving local and state governmental entities throughout Georgia. He has over 20 years of experience providing attestation, consulting, and instructional services. Joel also served as the Chair of the GAQC Task Force established to improve the quality of internal control and compliance testing in single audits and is a current member of the AICPA's State and Local Government Expert Panel.

Kevin Smith, CPA, is a Partner in Crowe Horwath's Dallas/Fort Worth office with over twenty years of experience in public accounting. He has significant experience with state and local governments and special purpose entities providing financial statement and grant compliance auditing and advisory/consulting services. Kevin is also a current member of the AICPA's State and Local Government Expert Panel.

Registration Instructions for CPE Option - Individuals and Groups

How to Register

The GAQC member registration fee is $79.20 per participant payable online by credit card only (no billing option is available). In accordance with CPE qualification standards, you must register before the Web event begins to receive CPE credit. To ensure you receive CPE for this Web event, please complete your online registration by noon on Thursday, October 27th. You will also be required to participate in a minimum of 75% of the pop-up participation markers during the event. No CPE will be available after a Web event has started or at any time after a live event.

Some members prefer to register more than one individual for the CPE option. This group registration option is available for registering as few as 2 participants with price discounts for groups of 5 participants or more. The Web event registration page (see link below) provides you with "how to" and pricing information. A "Webcast Group Viewing" document also provides additional instructions including how to access CPE certificates after the event.

Immediately following successful completion of the Web event, a CPE Certificate will be available by clicking the orange "Get CPE" icon in the Webcast player. Alternatively, it will be available within 24 hours by re-logging into the Web event link with the same e-mail address that you used to purchase the event. Group CPE certificates must be accessed from the purchaser's e-mail address.

Registration Instructions for the No-CPE Option

There is no fee to participate using the No-CPE Option, but registration at AICPA Store is required. If you are using the No-CPE Option, registration is generally limited to the firm's Designated Audit Quality Partner or State Audit Organization (SAO) Designated Audit Quality Leader with responsibility for your governmental audit practice.

This Web event and slide presentation will be archived on the GAQC Web site under "Archived Member Web Events." No CPE will be available for listening to the archived event.

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As always, we hope you can join us for this important Web event.

Sincerely,

AICPA Governmental Audit Quality Center

Stay Informed

To stay abreast of these and other relevant events, visit the GAQC Web site. Also, we welcome any suggestions or questions. Please send them by e-mail to GAQC@aicpa.org

GAQC members may only reproduce and distribute GAQC e-alerts internally within the firm or State Audit Organization to other Center member personnel as part of the organization's professional services. For information about permission to copy any part of these documents for redistribution or inclusion in other work, please click on the copyright notice at the bottom of the page or phone the AICPA copyright permission hotline 919-402-4031

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